Technically Compliant
CHICAGO -- At this week's mortgage technology conference, panelists discussed how technology can make mortgage compliance easier.

The right technology can help loan officers keep up with the many fees listed in the new Good Faith Estimate -- keeping track of all the entries, including those still needed, and limiting changes to only those allowed, attendees were told at the Mortgage Bankers Association's National Technology in Mortgage Banking Conference and Expo this week in Chicago.

"It's not a good faith estimate; it's a binding offer," cautioned Jonathan Corr, chief strategy officer, Pleasanton, Calif.-based Ellie Mae Inc.
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LOS Offerings Enhanced by Compliance Features
Developers of loan origination systems are loading up their offerings with mortgage compliance features. Three LOS firms have teamed up with appraisal firms, and LOS alliances were also announced with loan documentation providers.